VinFast Auto Ltd

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

VinFast dominates Vietnam's EV market with record-breaking Q3 performance

VinFast's Q3 performance reflects a remarkable ascent in the EV industry, supported by robust sales figures, international expansion, and a strong capital base. While challenges exist, the company's strategic strengths position it well for future growth and success.

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VinFast Auto Ltd. engages in designing and manufacturing electric vehicles. It offers electric scooters (e-scooters) and electric buses (e-buses). It provides e-mobility ecosystem built around customers, community and connectivity alongside new vehicle roll-out. The company was founded by Pham Nhat Vuong in June 2017 and is headquartered in Hai Phong City, Vietnam.

VinFast has hit a market capitalization that makes it the third most valuable among automakers thanks to a meteoric rise in the value of its stock since IPOing.

VinFast third most valuable automaker, shares up significantly since IPO

VinFast's market cap is now roughly 10 times as big as Rivian Automotive's. VinFast lost $2 billion on sales of $634 million last year.

Why VinFast Auto Stock Jumped Again Today

VinFast stock is soaring again on heavy trading volume. The average holding period for VinFast stock is less than two days.

Who's Getting Rich Off VinFast Stock? Probably No One.

Vietnamese EV maker VinFast's market value has quadrupled in the weeks since its IPO.

What To Know About Vietnamese Automaker VinFast As It Surges In Value To Compete With Tesla And Toyota

VinFast Auto Ltd (NASDAQ:VFS) shares have surged more than 369% since the Vietnamese electric vehicle (EV) maker's stock debuted in an initial public offering on August 15.   VinFast now boasts a higher market capitalization than General Motors Co and Ford Motor Co combined.

VinFast Auto stock continues to soar as speculators snap up small float

The wild ride of Vietnamese electric vehicle (EV) maker VinFast Auto (NASDAQ: VFS ) continued as investors made it the third most valuable global automaker. VinFast, which launched through a special purpose acquisition company (SPAC) on Aug. 15, rose 40% on Aug. 25 and another 10% over the weekend, bringing its market capitalization to nearly $175 billion.

VFS Stock Alert: VinFast Just Became the Third Most Valuable Automaker

VinFast is based in Vietnam where it has substantial financial support from Vingroup. This location gives the EV maker significant labor cost advantages over competitors.

The Next Big EV Stock Could Be Here, And You May Have Never Heard Its Name

Shares of Vietnamese electric-vehicle maker Vinfast surged 30% in premarket trading on Monday, extending a rally from last week that more than quadrupled its market value to $160 billion.

Vinfast rallies on after becoming world's third-most valuable automaker

August has emerged as the busiest month in 2023 for Special Purpose Acquisition Companies, or SPACs, with a total deal value of $9.1 billion and an average transaction size of $481 million. The flurry of activity is reminiscent of the heady days of SPAC enthusiasm with 19 new SPAC merger deals announced this month alone.

VinFast de-SPAC deal “eerie echo of past hype” amid August's frenzy

Vietnam-based VinFast Auto stock debuted in the U.S. 10 days ago. VinFast Auto is targeting the U.S. and European markets for growth.

Why VinFast Auto Stock Surged 312% This Week

VinFast is worth more than China's BYD even after only selling 24,000 cars in 2022. The company broke ground on a new production plant in North Carolina last month.

Why VinFast Auto Jumped Today and Nearly Quadrupled This Week

Shares of Vietnamese EV maker VinFast Auto started trading in the U.S. in mid-August. The stock has shot through the roof, partly because of a big recent update from the EV maker.

What Is VinFast Auto and Why Is the Stock Up Over 240% in 5 Days?

Shares of electric-vehicle startup VinFast Auto Ltd. have surged since the company went public through a special-purpose acquisition company deal last week, taking its market capitalization to levels well beyond established automakers such as Ford Motor Co. and General Motors Co.

This EV company has a bigger market cap than Ford or GM. But you may not have heard of it.

VinFast's market cap of over $85 billion is likely the result of a small float. The company's financials are abysmal, with low revenue, deeply negative gross margins, a large debt load, and a negative book value. The competitive nature of the EV market and the need for capex funding further add to the risks of investing in VinFast.

VinFast: Significantly Overvalued

VinFast Auto stock has has shot up to dizzying heights since it listed last week. The Vietnamese electric vehicle maker's cars and growth plans have caught the market's attention.

Why VinFast Auto Stock Surged Another 53% Today

VinFast (NASDAQ: VFS ) stock began trading on the Nasdaq on Aug. 15 after completing a merger with special purpose acquisition company (SPAC) Black Spade Acquisition. The SPAC deal valued VinFast at about $23 billion, although the company's market capitalization is much higher than that today following roughly a week of volatile trading.

Short Sellers Are Already Betting Against VinFast (VFS) Stock

Investors should be aware of some unique traits with VinFast stock. The valuation is well beyond what makes sense at this point.

Why VinFast Auto Stock Swung Wildly Today After Doubling Yesterday

VinFast, the emerging electric vehicle (EV) manufacturer hailing from Vietnam, made a remarkable entrance onto the Nasdaq stock exchange last week.

New EV stock rockets 260% since debut, becomes 4th largest automaker

Shares of VinFast, the Vietnamese electric vehicle maker that went public in a red-hot Wall Street debut last week, enjoyed another stunning rally again Tuesday.

VinFast shares soar again as buzz over Vietnamese EV maker grows

VinFast (NASDAQ: VFS) stock price is defying gravity as the electric vehicle company gains momentum. The shares doubled on Tuesday and reached its all-time high of $48, giving it a market cap of over $90 billion.

VinFast stock price forecast: FOMO rally to end badly

Markets were mixed on Tuesday, with fears of consumer weakness weighing on much of the stock market. Shares of EV maker VinFast more than doubled on Tuesday.

Think Markets Are Efficient? You Won't After You Look at VinFast.

Since it began trading on the Nasdaq last week, VinFast (NASDAQ: VFS ) stock has been making waves on Wall Street. The Vietnamese electric vehicle (EV) producer has single-handedly reminded investors not to count out special purpose acquisition companies (SPACs).

VFS Stock Alert: VinFast Eyes U.S. Market With New Ad Campaign

Vietnam's largest electric vehicle (EV) maker is on the rise today; VinFast (NASDAQ: VFS ) stock is up more than 110% on news that the country's untapped rare earth deposits have attracted a number of Korean and Chinese magnet firms. Indeed, according to South Korean-based Star Group Industrial's (SGI) Vietnam project, the country will be capable of outputting 5,000 tons of high-end neodymium magnets per year by 2025, enough for 2 million EVs.

Why Is VinFast (VFS) Stock Up 110% Today?

VinFast's shares more than doubled on Tuesday to the highest since Vietnamese electric vehicle maker's blowout Wall Street debut after Reuters reported that South Korea's Star Group Industrial plans to open factory in Vietnam.

VinFast shares more than double to highest since market debut

VinFast stock debuted in the U.S. last week and is already valued at more than $70 billion. The company says the EPA ratings for its SUV have beaten its own estimates.

News for VinFast Auto Ltd Stock (VFS)